This calculator allows you to enter a range of details to determine how much you can save in a specified period and how long it will take you to reach your savings goals
Conclusion: It does not take into account any possible monthly account fees. Interest rate does not change over the saving term. Interest is calculated by compounding on the same deposit frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as deposit frequency.